No Foreign Gifts Act of 2024

Legislation Details

Amends the Higher Education Act of 1965 to prohibit certain institutions from receiving gifts.
Prohibits gifts from countries that provide material support to foreign terrorist organizations, as determined by the Secretary of State.
Specifically lists China, Russia, North Korea, and Iran as prohibited sources of gifts.
Requires institutions to report any offers of gifts from the specified countries to the Secretary of State to maintain eligibility for federal funds.
Defines “material support” in accordance with existing legal definitions related to terrorism.
Defines “foreign terrorist organization” based on the Secretary of State’s designations.